In a recent report from Grayscale Research, analysts have expressed optimism about Bitcoin potentially revisiting its all-time high later this year, contingent upon the U.S. economy avoiding a recession. This positive outlook comes following a period of stabilization in both the cryptocurrency market and broader financial markets, which experienced sharp declines from August 2 to
Selling
Immutable, a prominent player in the NFT and blockchain gaming space, has recently announced its decision to close down its NFT marketplace. This strategic move is in line with the company’s vision of bolstering its network by supporting other marketplaces within its ecosystem. The closure of Immutable Marketplace is scheduled to begin on August 13,
The recent decision by United States District Judge Peter Castel to finalize a $12.7 billion settlement has sent shockwaves through the cryptocurrency community. This settlement obligates the bankrupt cryptocurrency exchange FTX and its sister company Alameda Research to compensate the former’s creditors. This decision is part of a settlement with the United States Commodity Futures
Recently, the court reached a decision in the case filed by the US Securities and Exchange Commission (SEC) against Ripple, imposing a hefty fine of $125 million on the company. This ruling marks the end of a lengthy legal battle spanning over four years. Following the announcement of the fine, XRP experienced a significant price
Bitcoin whales have been actively accumulating substantial amounts of the cryptocurrency amid the recent market downturn. According to on-chain activity data, over 404,448 BTC worth approximately $22.8 billion has been transferred to permanent holder addresses in the last 30 days. This significant movement of BTC to long-term holder wallets suggests a strong accumulation phase within
Bitcoin (BTC) miners could potentially experience less selling pressure in the coming weeks due to a combination of factors. As reported by CryptoQuant, there has been a significant increase in the profitability of miners following the recent rally of Bitcoin to $69,000. Additionally, the hashrate of the Bitcoin network has also made a strong recovery,
The recent endorsement of Bitcoin by former US President Donald Trump has once again thrust him into the limelight. Trump, who is reportedly considering a run for the White House in 2024, has taken a bold stance in support of the popular cryptocurrency. This move has not only garnered attention from the crypto community but
Manchester United has taken a pioneering step in the world of football by launching player trading cards and the Fantasy United game for the 2024/25 season on the Tezos Blockchain. This groundbreaking move allows fans to collect cards featuring first-team players, build squads, and engage in a Web3 fantasy football experience. The ‘Fantasy United’ game
Cardano’s ADA is currently facing a potential trend reversal as it forms an inverted hammer on its weekly chart. This pattern typically indicates a shift from bearish to bullish sentiment, with buying pressure overcoming initial selling. However, confirmation is crucial, and ADA’s technical indicators present a mixed picture. The Average Directional Index (ADX) is currently
Shiba Inu’s price faced a 3% dip recently as the cryptocurrency market took a hit due to the US government moving $2 billion worth of its bitcoin holdings to another address. Despite this setback, there are some indicators within the Shiba Inu ecosystem that suggest a potential rally might be on the horizon. One significant